Bonding Company definition

Bonding Company means Travelers Casualty and Surety Company of America, a Connecticut corporation, or any other nationally recognized bonding company reasonably satisfactory to the Administrative Agent (provided that any such nationally recognized bonding company shall be deemed to be acceptable if its bonds, undertakings or instruments of guaranty are accepted by contract providers for the Borrower and its Subsidiaries and if such Person shall have entered into a Surety Intercreditor Agreement).
Bonding Company means Fidelity and Deposit Company of Maryland.
Bonding Company means Fidelity and Deposit Company of Maryland, American International Companies and Liberty Bond Services.

Examples of Bonding Company in a sentence

  • No Loan Party shall modify any term of any Bonding Agreement such that the Property subject to any Lien in favor of the Bonding Company attaches to any Property not directly connected to the applicable Bond.

  • As soon as possible after Closing, the Purchaser intends to procure an indemnity bond; (the "Bond") from a qualified insurance or bonding company (the "Bonding Company") in an amount sufficient to require the Issuer to issue replacement certificates for the Accelr8 Certificates.

  • Borrower shall maintain, at all times, bonding capacity in an amount of not less than $1,000,000,000 (it is understood and agreed that compliance with the foregoing may be evidenced by delivery to Agent and the Lenders of a letter issued by a Bonding Company, which letter shall be in form and substance substantially consistent with the Existing Bonding Letter or any other form acceptable to the Required Lenders).

  • In 1999, CNA Surety acquired certain assets of Clark Bonding Company, Inc., a Charlotte, North Carolina, insurance agency and brokerage doing business as The Bond Exchange for $5.9 million.

  • Promptly, such other information ------------------- concerning the Borrower, any Subsidiary, and any Approved Bonding Company as the Administrative Agent or any Lender may from time to time reasonably request.

More Definitions of Bonding Company

Bonding Company means a surety or an insured as defined by S.C. Code Ann. § 38-53-10.
Bonding Company means American Bonding Company, the company issuing payment and performance bond No. 9417875 in connection with the construction of the DSN Plant.
Bonding Company means Travelers Casualty and Surety Company of America or any other bonding company listed in the Department of Treasury’s listing of approved sureties as of the most recent date for which financial statements have been delivered to Agent and Lenders pursuant to Sections 6.01(a), (b) or (c). “Books” shall mean books and records (including each Loan Party’s Records indicating, summarizing, or evidencing such Loan Party’s assets (including the Collateral) or liabilities, each Loan Party’s Records relating to such Loan Party’s business operations or financial condition, and each Loan Party’s goods or General Intangibles related to such information). “Business Day” shall mean any day, except a Saturday, a Sunday or any other day on which commercial banks are authorized or required to close in the State of California or the State of New York. “Capital Lease Obligations” shall mean as to any Person, the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP and, for the purposes of this Loan Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP. “Cash Collateral Liquidity” shall mean, at any time, the aggregate amount of unrestricted cash and cash equivalents held in accounts of the Borrower and the Guarantors that are subject to a control agreement in favor of the Agent. “CFC” shall mean a controlled foreign corporation as such term is defined in Section 957 of the IRC. “Change in Law” shall mean the occurrence, after the date of this Loan Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, implementation, interpretation or application thereof by any Governmental Authority or (c) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any 2 KE 52826770.15
Bonding Company means Zurich American Insurance Company or any other company that issues the Bond.
Bonding Company shall have the meaning set forth in Article 6.4(d).
Bonding Company. American Home Assurance Company or such other
Bonding Company means Fidelity & Deposit Company of Maryland.